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BBC To Buy Out Lonely Planet

19.2.2011

BBC Worldwide is paying A$67.2m (£42.1m) to acquire the 25% of travel guide publisher Lonely Planet that it does not already own.

Tony and Maureen Wheeler, who co-founded the Australian travel publisher in 1973, have exercised a put option on their remaining stake as agreed when the controversial deal for the BBC’s commercial arm to buy 75% of the company was struck in 2007.

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